Delek Logistics Partners, LP Increases Quarterly Cash Distribution, Payable on November 13, 2023
October 25, 2023 at 04:05 pm EDT
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Delek Logistics Partners, LP declared its quarterly cash distribution for the third quarter 2023 of $1.045 per common limited partner unit, or $4.18 per common limited partner unit on an annualized basis. This distribution represents a 1.0% increase from the distribution for the second quarter 2023 of $1.035 per common limited partner unit ($4.14 per common limited partner unit annualized) and a 5.6% increase over Delek Logistics' distribution for the third quarter 2022 of $0.990 per common limited partner unit ($3.96 per common limited partner unit annualized). The third quarter 2023 cash distribution is payable on November 13, 2023, to unitholders of record on November 6, 2023.
Delek Logistics Partners, LP owns and operates crude oil, intermediate and refined products logistics and marketing assets as well as crude oil and natural gas gathering and water processing assets. The Company operates through four segments: Gathering and Processing, Wholesale Marketing and Terminalling, Storage and Transportation, and Investment in Joint Ventures. Its Gathering and Processing segment provides crude oil and natural gas gathering and processing, water disposal and recycling and storage services to Delek Holdings' refining operations in Tyler, Texas, El Dorado, Arkansas and Big Spring, Texas. Its Wholesale Marketing and Terminalling segment consists of refined products terminals and pipelines in Texas, Tennessee, Arkansas, and Oklahoma. Its Storage and Transportation segment provides crude oil, intermediate and refined products transportation, and storage services to Delek Holdings' refining operations in Tyler, Texas, El Dorado, Arkansas and Big Spring, Texas.